Corner Mixed-Use
New
For Sale
$1,895,000
3697-3699 Mission Street, San Francisco, CA 94110
Four residential units accompany ground-floor commercial space with separately metered gas and electric service.
Property Size3,750 SF
Price / SF$505.33
Days on Market5
Property Features for 3697-3699 Mission Street
General Information
Standard status
Active
Size
3,750 SF
Property subtype
Mixed Use
Site & Location
Corner Location
Yes
Utilities to Site
Yes
Additional Details
Gross Income
$117,528
Building Details
Building Size
3,750 SF
Year Built
1910
Listing Agency:
Compass
Listed By:
Brandon S Chen
(212) 913-9058
Source:
Cityrealestatesf
Added: Sep 2
Changed: Sep 4
Last Checked: Sep 6 at 10:54AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
Investment Insights
Based on property information with market context.
Built in 1910, this corner mixed-use property at 3697-3699 Mission Street includes four two-bedroom, one-bath residential units ranging from 650 to 900 square feet. The property also contains a ground-floor commercial space occupied under a month-to-month lease.
Gas and electric service are separately metered, providing distinct utility accounting for the residential and commercial components. The property is located in San Francisco’s Bernal Heights neighborhood.
Gas and electric service are separately metered, providing distinct utility accounting for the residential and commercial components. The property is located in San Francisco’s Bernal Heights neighborhood.
Key Highlights
- Four 2BD/1BA residential units, each ranging from 650‑900 SF
- Ground‑floor commercial space on a month‑to‑month lease
- Gas and electric utilities are separately metered
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$125,869
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.64%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,517,380
$2.5M
Cap Rate 7%
$1,798,129
$1.8M
Cap Rate 9%
$1,398,544
$1.4M
Market Conditions
NOI Build-Up for 3,750 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$191.3K $51.00/SF
− Vacancy
−$11.4K −$3.05/SF
EGI
$179.8K $47.95/SF
− OpEx
−$53.9K −$14.39/SF
NOI
$125.9K $33.57/SF
Area
ZIP 94110
Vacancy
5.98%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,517,380
Cap Rate 7%
$1,798,129
Cap Rate 9%
$1,398,544
Alternative Uses
Best Use
Multifamily LT 5
$1.80M
$1.57M – $2.10M
NOI $125,869 @ 7.0% cap · market cap 6.64%
Second Best
Apartment 5plus
$1.66M
$1.45M – $1.93M
NOI $115,954 @ 7.0% cap · market cap 6.12%
Theoretical Best
Specialty Retail
$18.32M
$16.03M – $21.37M
NOI $1,282,205 @ 7.0% cap · market cap 67.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,906
Businesses Nearby
Explore this area
Business Placement
Demographics for 94110, CA
68,336
Population
30,685
Households
2.2
Avg Household Size
38
Median Age
61%
College-Educated
87%
High-School Grad
2.4 sq mi
ZIP Area
28,473
Density / Sq Mi
$152,403
Median Household Income
$80,431
Median Earnings
$2,404
Median Rent
$1,500,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Four residential units accompany ground-floor commercial space with separately metered gas and electric service.
Where is this mixed-use property located?
The property is located at 3697-3699 Mission Street San Francisco, CA.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: Four 2BD/1BA residential units, each ranging from 650‑900 SF; Ground‑floor commercial space on a month‑to‑month lease; Gas and electric utilities are separately metered
